Contract Insights

Contract drafting is a multi-faceted and complex process.  Document collaboration, contract authoring, negotiation, terms and conditions, and other relevant steps can be challenging. They are all the more challenging if you are relying on manual tools - such as shared drives and emails.  Leave tedious, manual contract drafting methods in the past by embracing robust contract management software.

Contract drafting can be a multi-faceted and tremendously tricky process. This difficulty especially holds true for those new to corporate law and contract management. Before we can get into how to draft contracts correctly, we must know what we should avoid. As such, here are four examples of lousy drafting – followed by four ways to draft contracts better.

Contract drafting is essential in helping capture the purpose of a contract in written form. Haphazard drafting of a contract can result in pushing outdated contract versions to collaboration and negotiation. Additionally, the lack of a centralized and informed process can result in incorrect language being introduced into the review process. Unfavorable terms, missed obligations, and legal disputes can follow.

To help you avoid these consequences and more, here are five practical contract drafting tips for more effective contract management.

Awarding a contract is a complex, multi-faceted process.  There is room for error and missed opportunities without the right strategy.  This blog will delve into the five critical stages in awarding a contract and how to seamlessly navigate these stages with leading contract management software tools.

Contract creation is a multi-faceted process.  Without the proper procedures, your organization can suffer from increased risk, drawn-out contract lifecycle times, and missed opportunities - among other deleterious consequences.  Contract documents and data stored on spreadsheets, email servers, and shared drives alone can result in lost contract documents and versions.  Back-and-forth contract drafting via email can result in slow collaboration times and unclear document versions.  An inadequate clause management process can result in the wrong clauses being included in contracts and missed opportunities.  Wet contract signatures can result in long send-to-sign times and costly postage expenses.  What's more, risk can increase, resulting in lost revenue, data leakage, lawsuits, and more.  Fortunately, you can leverage contract management software to avoid sending your contract creation process into a tailspin.  To that end, here are six ways contract creation software can improve your contracting process.

Contract creation management plays a vital role in the contract lifecycle, where contract contributors band together to form a cohesive contract.  However - inefficient contract creation management can stem from unorganized contract templates, obsolete contract language, and subcontracts divorced from original contract versions.  Read on to discover how leading contract management software can help streamline contract creation management in three steps.

CobbleStone Software’s Executive VP and Founder, Mark Nastasi, narrows down his top eight items of recommendation to help you lead your legal digital transformation in 2022.

There are many moving parts involved with a contract, and it can be easy for your organization and counterparties to get mixed up at some point in the process.  This is why a contract checklist is an essential part of the commencement of a contract.  Your organization can utilize a contract checklist as a contract roadmap.  Read this blog for an overview of a contract checklist – as well as what solutions your organization can leverage to navigate that contract checklist successfully.